DIFC Attracts Top Wealth Management Firms
Dubai International Financial Centre (DIFC), the leading global financial centre in the Middle East, Africa, and South Asia (MEASA) region, has attracted several notable names recently, taking the total number of wealth and asset management companies to over 300
Annual Investment Meeting brings to focus the opportunities and challenges of investing in distressed assets and non-performing loans (NPLs)
Investment experts from around the world discussed the opportunities and challenges of investing in distressed assets and non-performing loans (NPLs) at the 12th edition of the The Annual Investment Meeting (AIM), which took place at the Future Room located at the Abu Dhabi National Exhibition Centre.
TotalEnergies to Invest in Iraq’s Gas Growth Integrated Project
As a follow-up to the confirmation of the terms of development and production contract signed in September 2021. French energy giant TotalEnergies on Wednesday announced a multi-billion-dollar deal with the Iraqi government and will pick up a key stake in the Middle Eastern nation’s Gas Growth Integrated Project (GGIP).
Genting Malaysia Proposes Sale of Miami Land for $1.23 Billion
Genting Malaysia (GenM) Bhd, a wholly owned subsidiary of Resorts World Miami LLC, expects to realise a gain of $966 million from the sale of four parcels of land measuring about 15.47 acres in Miami for $1.23 billion.
Global Pension Systems Ill-Prepared to Deal with Demographic Changes
Life expectancy has declined in many countries due to COVID-19 pandemic, but pensions systems across the world has remained ill-prepared to deal with demographic changes as the ageing of societies continues to accelerate, according to a new report from Allianz.
China Plans Shanghai-Hangzhou Hyperloop Train by 2035
China is all set to build its first hyperloop train line between Shanghai and Hangzhou, according to the nation’s top engineering and rail design institutes.
Istanbul International Airport was Busiest in March
Turkiye’s mega airport Istanbul was the busiest one in Europe, with an average of 1,263 daily flights in March, according to EUROCONTROL. Sabiha Gokcen, also in Istanbul, ranked 17th on the list with an average of 549 daily flights.
DMCC Concludes ‘Made For Trade’ Roadshow in London
The Dubai Multi Commodities Centre (DMCC) houses more than 2,000 British companies and they represented about 8% of the total number of firms in the Centre, acting as a conduit to British businesses looking to tap into regional and global markets by setting up a base in Dubai, Ahmed Bin Sulayem, Senior Executive Chairman and Executive Director of the DMCC said.
US FED Hikes Interest Rate for Tenth Time in a Row
The US Federal Reserve (US FED) has hiked interest rates for the tenth time in a row, bringing the key lending rate to its highest level since 2007. However, the US FED signalled it could pause further rate hikes, as inflation eases and turmoil continues to spread across the American banking sector.
Africa Emerging as Tech Hub with Focus on Developing ICT Sector
Information and Communication Technology (ICT) sector is fast catching up in the African continent with countries in the region committing themselves to development of digital technology, especially in the post COVID-19 era.
